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IPO Synopsis


Munish Forge Ltd

Registered Office: Village Gobindgarh Adjoining-,Phase VII Focal Point, Ludhiana - 141010, Punjab, India.
Phone : +91-161-5218 900   Fax:
Email :  cs@munishforge.com  
Website :  www.munishforge.com

Initial public offer of 77,00,400* equity shares of face value of Rs. 10/- each (the "Equity Shares") of Munish Forge Limited ("the Company" or "the Offer") for cash at a price of Rs. 96 per equity share including a share premium of Rs. 86 per equity share (the "Offer Price") aggregating to Rs.73.92 Crore ("the Offer") comprising of fresh offer of 63,56,400 equity shares aggregating to Rs. 61.02 Crore ("Fresh Offer") and an offer sale of 13,44,000 equity shares by Mr. Davinder bhasin ("Selling Shareholder") aggregating to Rs. 12.90 Crore ("Offer for Sale")("Public Offer"). the offer includes a reservation of 3,85,200 equity shares aggregating to Rs. 3.70 Crore will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). the offer less the market maker reservation portion i.e. net offer of 73,15,200 equity shares aggregating to Rs. 70.23 Crore ( The "Net Offer"). Price Band: Rs. 91/- to Rs. 96/- for equity share of face value of Rs. 10 each. The floor price is 9.10 times times the face value and cap price is 9.60 times of the face value of the equity shares. Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Issue Money Payable On
Opens on Closes On Application Allotment
30-Sep-25 03-Oct-25 96.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 2400   Further Multiples of : 1200
  Rs(Cr.) Lead Managers to the Issue
Project Cost 0.00 Gretex Corporate Services Ltd
Project Financed through Current Offer 73.92  
Post Issue Equity Share Capital 24.07  
Issue Price 96.00  

Project

  • Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery
  • Repayment/Pre-payment of Certain Debt Facilities
  • Working Capital Requirements
  • General Corporate Purposes

Promoted By

Davinder Bhasin

Dev Arjun Bhasin

Minakshi Bhasin

Listing At

NSE - SME

Registrar to the Issue

Skyline Financial Services Pvt